Real Estate Accounting in Fort Wayne
Fort Wayne is a steady, affordable market where portfolios tend to be locally owned and long held. The risk here is not complexity, it is that a low-drama market lets an informal process survive until the one move-out that tests it.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
Indiana rules that apply here
- Deposit return deadline
- 45 calendar days
- Statute
- IC 32-31-3-12
Why Indiana Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Fort Wayne
Experts in AppFolio Bookkeeping
Indiana's consequence for a missing notice is not a reduction, it is a reversal. The landlord is treated as agreeing no damages are due and must remit the full deposit immediately. In a portfolio where most move-outs are uneventful and handled informally, the process is never stress-tested, and the first significant damage claim is also the first time anyone checks whether the notice was actually delivered inside 45 days.
Assigned, Responsive Team
The itemisation has to carry substance too: the amount of damages suffered or reasonably expected by reason of the tenant's noncompliance, described rather than summarised. A figure without a basis is the version an informal process produces, and it is the version that fails.
Accurate Monthly Bookkeeping
We build the move-out file as the work happens, with the tenant's written mailing address logged on receipt because that is what starts the clock, and each charge tied to its evidence. That is deliberately more process than a quiet market feels like it needs, which is exactly why it holds when a claim finally matters.
Deposit Compliance for Fort Wayne Portfolios
IC 32-31-3-12
Indiana IC 32-31-3-12 requires an itemised written notice of damages, delivered not more than 45 days after termination of the rental agreement and delivery of possession. Failure to provide the notice CONSTITUTES AGREEMENT that no damages are due, and the full deposit must be remitted immediately, with the tenant also able to recover reasonable attorney fees.
Indiana attaches a PRECONDITION most states do not: the landlord is not liable under the chapter until the tenant supplies, in writing, a mailing address for the notice. The clock is therefore triggered by the tenant's act, which protects the landlord only if the date that address was received is actually recorded. Indiana also permits unpaid utility and sewer charges the tenant was obligated to pay to be included in the itemisation.
All Indiana requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 45 calendar days deadline is answerable from the ledger
- Trust accounts reconciled three ways every month
- Deduction documentation recorded against the correct ledger
- Aging deposits flagged before the statutory window closes
Appfolio Bookkeeping Services from REA
Available to Fort Wayne Operators
Trust Bookkeeping
Leverage Appfolio's powerful bookkeeping capabilities with REA's tailored service.
See how it worksCorporate Bookkeeping
REA's skilled team, in combination with Appfolio's comprehensive toolset, addresses the complexity of your corporate financial activities.
See how it worksBank Reconciliations
Employing Appfolio's state-of-the-art system, REA offers bank reconciliation services that brings meticulous accuracy to your finances.
See how it worksFinancial Diagnostic Cleanup
REA utilizes Appfolio's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.
See how it worksTrust Compliance
REA pairs its accounting prowess with Appfolio's detailed reporting to deliver comprehensive Trust Compliance Verification services.
See how it worksAppFolio Accounting & Bookkeeping Services
For Fort Wayne Portfolios
- Process Review & Set Up
- Bank Reconciliations
- AP / AR
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Owner Distributions
- Monthly Statements & Reports
- Management Fees
- Corporate Bookkeeping
- Tenant Chargebacks
Take the Whole Close, or One Function
Fort Wayne operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your AppFolio instance.
Trust Accounting
Compliant, audit-ready trust funds
Learn moreBank Reconciliation Services
Three-way reconciliation, every account
Learn moreAccounts Payable & Receivable
Bills paid, rent collected, owners paid
Learn moreBookkeeping Cleanup & Catch-Up
Back books fixed and current
Learn moreCAM Reconciliation
Annual commercial true-ups
Learn moreExperts In All Property Types
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community Associations
- Commercial
Experts In All Property Types
Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community AssociationsSee the page
- CommercialSee the page
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!
REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.
Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.
Frequently Asked Questions
Most of our move-outs are uneventful. Does the process matter?
It matters for the ones that are not. Indiana treats a missing notice as agreement that no damages are due, so an informal process works right up until the first claim worth making, and then fails completely.
What has to be in the itemised notice?
The damages suffered or reasonably expected from the tenant's noncompliance, described with a basis rather than summarised as a figure.
What is the single most important thing to record?
The date the tenant's written mailing address arrived. Indiana's liability does not begin until it does, so that date is what proves the 45-day deadline was met.
More in Indiana
Other Indiana markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Fort Wayne
Schedule a call and we will review your AppFolio setup, your Indiana deposit handling, and what it takes to close clean every month.